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Post# of 221992
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Re: janice shell post# 219299

Sunday, 02/25/2024 9:07:40 PM

Sunday, February 25, 2024 9:07:40 PM

Post# of 221992
The word "operations" was a staple. And, paying the CEO $10K from loan proceeds never shows up as payment for coming up with a business plan. It shows up as something else, and then the CEO is reimbursed for his "coming up with a business plan" by means of expense..etc...etc. Probably under travel expenses or similar.

i.e. business expenses $50K for quarter associated with a merger LOI. The reality- CEO flies to Vegas and plays craps with his target buddy, probably a few a hookers or similar..etc. Or maybe a vacation to the Cayman Islands for a week...lol. Still a business expense.

Hence..."business expense for merger LOI"

LOL...that goes for public and private companies. Fn' accounting shite'
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